News & Research

Market Research & Info

Land Prime analyst Shadi Abdo

  • Member of The Egyptian Society of Technical Analyst
  • Head of Education department, Market Strategist, Chief Technical Analyst of Global Leading Forex Brokerage companies
  • Trained over 5000 professional trainers more than 10 years
  • BSc in Economics from Mansoura University

29 November 2022

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  • EURUSD

As could be seen on the chart above that the pair is trading above a strong support level that is 1.0150. Therefore, we are bullish as long as the pair is trading above it with targets: 1.0450 – 1.0500. On the other hand, a daily close below 1.0150 would push the pair downwards that it might reach 1.0000 – 0.9900.

Resistance levels: Support levels: Recommended:
1.0700
1.0600
1.0450
1.0100
1.0000
0.9800

Bullishness above 1.0150.

  • GBPUSD

As could be seen on the chart above that the pair is trading above a strong support level that is 1.1750. Therefore, we are bullish as long as the pair is trading above it with targets: 1.2100 – 1.2200. On the other hand, a daily close below 1.1750 would push the pair downwards towards: 1.1600 – 1.1550.

Resistance levels: Support levels: Recommended:
▪ 1.2300
1.2200
▪ 1.2100
1.1750
1.1600
1.1550

Bullish above 1.1750.

  • GOLD

As could be seen on the chart above that the pair is trading above 1727. Therefore, we are bullish as long as the pair is trading above it with targets: 1790 – 1800.

Resistance levels: Support levels: Recommended:
1820
1800
1790
1727
1680
1650
Bullish above 1727.

  • AUDUSD

The chart above shows that the pair is facing a strong resistance level that is 0.6800. Therefore, we will be waiting for the pair to break through that level then we can go long to target: 0.6900 – 0.7000.

Resistance levels: Support levels: Recommended:

▪ 0.7100
0.7000
0.6900

▪ 0.6700
0.6500
▪ 0.6430

Bullish above 0.6800.

  • GBPJPY

The chart above shows that the pair is trading below a strong resistance level that is 169. Therefore, we are bearish as long as the pair is trading below it with targets: 166 – 164.

Resistance levels: Support levels: Recommended:
173.00
170.00
167.00

 165.00
163.00
162.00

Bearish below 169.00.

 

 

 

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